Piet.Hein
Short

Possible Head & Shoulder on EURGBP

FX:EURGBP   Euro Fx/British Pound
696 19 45
On 4h Chart:

snapshot
Comment: 4h breakout happening now!
Trade active
Comment: Entry was 0,7897
Comment: Stop loss and take profits (if I change I will update here):

snapshot
Comment: Moved SL to break even, and gave more space to TP, letting it run.
Comment: I'm still on this position, I think it's likely to fall more.
I don't see it falling unless below 0.7877.
+1 Reply
Piet.Hein IvanLabrie
:)
+1 Reply
Piet.Hein IvanLabrie
What about now? ;)
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This is a start, but I'd go by the eurusd and gbpusd charts. This level right here can be support, and H&S shapes fail 80% of the time in FX in my experience (I fade them...)
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IvanLabrie PRO IvanLabrie
I actually went long. If we see prices climb above 0.7907 during London this will rally above the highest high.
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IvanLabrie PRO IvanLabrie
Closed my long from 2 days ago. Was trailed out. Now I'd be careful with buys for a while. I wouldn't short still though.
Let's see how it goes. Made 1R.
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Piet.Hein IvanLabrie
Yes it looks good not to go long now ;) also not the perfect setup to short right now, but as I dont be in front of the screen all day long... I usually enter the trades around the daily open/close times :) If you go short please post here!
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I'm already a seller from 0.80690
and wait for another opportunity

eurgbp waiting for signal to sell
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Piet.Hein Hiisham
Very good entry good luck
+1 Reply
Agree. Same conclusion different method...
snapshot
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Piet.Hein PCTradeKop
Nice view, I really like when the touches of the channel are perfect, like on point D of your chart. good luck :)
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Looks like it's heading north again. IMHO.
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Piet.Hein hikagemono
not anymore! :)
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hikagemono Piet.Hein
Just went long this pair. Good luck to you!
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Piet.Hein hikagemono
good luck for you too! :)
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Just locked in profits and am waiting for the next push up!
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Piet.Hein hikagemono
congrats! nice trade, very fast
+1 Reply
About to do it...
snapshot
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go see eurusd and nzdusd quick trade on h1 :) gbpusd too divergence on ichimoku
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